Sunday , January 24 2021

Europe is under pressure again to hold Italy on fiscal deficit



The eurozone fell below $ 1.13 on Wednesday. Italy suffered a fiscal deficit and the eurozone economy grew at its slowest pace in four years in three years.
The major currencies declined when investors sold for profit, with the dollar peaking in 16 months.
When investors were trying to convince England that they had agreed to quit the European Union (EU), the pound fell as investors prepared for a conflict between British Prime Minister Teresa Mae and ministers.
The euro fell 0.2 percent to $ 1.1265 on Tuesday, exceeding $ 1.13.
The single ended the 16-month low at $ 1.1216 earlier this week.
The dollar index rose 0.1% to 97.383. The index hit a high of 97.693 on Monday.
The Sterling fell 0.4% to $ 1.2922, down 0.2% from the euro to 87.18.
The Swedish Krona fell 0.7% to 10,299 Chrono after lower than expected inflation.
The dollar slightly changed against the yen at 113.90. The Japanese currency touched a six week low of 114.20 on Monday.
The Australian dollar was down 0.2% to $ 0.7199.
The Canadian dollar fell to a Canadian dollar of 1.3240 Canadian dollars, the lowest level in four months. This came as a drop in oil prices, one of Canada's major exports.


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